It’s critical to know whether a stock you plan on buying has an ex-dividend status, because in case it does, the dividend would be paid out to the seller. The person who owns the stock on the ex-dividend date will be awarded the payment, which means that you’ll have to wait for the next dividend cycle to receive your first dividend payout from the company.
On the other hand, share prices typically decline just after the ex-dividend date is declared, and usually by an amount equal to the expected dividend. So, this may give you the opportunity to identify a good entry point. If you’re planning on selling shares on or after the ex-dividend date, you'll receive the dividend payout from the company.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Here is the list of stocks going ex-dividend on Monday.
- International Business Machines Corp. (NYSE: IBM) - $1.4000 dividend, 3.4430 percent yield
- United States Steel Corporation (NYSE: X) - $0.0500 dividend, 0.8715 percent yield
- Sonic Corporation (NASDAQ: SONC) - $0.1400 dividend, 2.0290 percent yield
- American Electric Power Company Inc (NYSE: AEP) - $0.5600 dividend, 3.2105 percent yield
- M.D.C. Holdings, Inc. (NYSE: MDC) - $0.2500 dividend, 3.6982 percent yield
- PPG Industries, Inc. (NYSE: PPG) - $0.4000 dividend, 1.4541 percent yield
- International Game Technology (NYSE: IGT) - $0.2000 dividend, 3.7897 percent yield
- Cheesecake Factory Inc (NASDAQ: CAKE) - $0.2400 dividend, 1.9293 percent yield
- Olin Corporation (NYSE: OLN) - $0.2000 dividend, 3.7807 percent yield
- Penske Automotive Group, Inc. (NYSE: PAG) - $0.2800 dividend, 3.0999 percent yield